Answer:
M1 $1.24 trillion
M2 $4.41 trillion
M1 and M2 money have several definitions, ranging from narrow to broad. M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
Which of these is the BEST example of a person who is an entrepreneur?
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A)
Miguel, who bakes a pie for desert.
B)
Ezequiel, who donates clothes to charity.
C)
Josef, who opens a lemonade stand every summer.
D)
Tito, who buys dinner at the same restaurant each week.
Answer:
I think it's C or D
Explanation:
Issuance of common stock for cash affects which basic element of financial statements? Revenues Equity Losses Liabilities
Answer:
Equity
Explanation:
If a consumer places a value of $20 on a particular good and if the price of the good is $25, then the:___________. a. consumer has consumer surplus of $5 if he buys the good. b. consumer does not purchase the good. c. price of the good will rise due to market forces. d. market is out of equilibrium.
Answer: b. consumer does not purchase the good.
Explanation:
The price a Consumer buys a good is dependent on the amount they value the good. A good that is selling at a price higher than the value ascribed to it by the consumer will not be purchased because it is higher than the amount that the consumer wants to spend.
When the value to the consumer is higher than the price of the good, the consumer stands to make a surplus when they buy the good.
David leads his firm's marketing team. He is responsible for forecasting the business's sales. David's team prepared a questionnaire based on the market data that it has collected. David decided to send coples of these questionnaires to his company's Junior-level and senlor-level employees across varlous business functions, as well as to some renowned Industry experts. David plans to forecast his company's sales based on the opinions that he sees in this survey. Which method of sales forecasting does David plan to use?
A. moving averages method
B. jury of executive opinion method
C. buyer intentions method
D. Delphi method
Answer:
C
Explanation:
Question 5 of 10
What is the formula for determining productivity?
A. Output/Input
B. Capital x Input
C. Input/Output
D. Output/Labor
D
Answer:
A. Output/Input
Explanation:
In the context of choosing an appropriate advertising media, at present the brands that cater to the older generations are not so quick to adopt social practices. Which of the following is most likely to be the reason behind this trend?
Answer:
Social media is a very good way of protesting because many many people go on social media sites and they can join in and instead of being abused by other people outside you can easily make a protest on video or a website.
Answer:
The reason for this is that older generations themselves aren't always quick to take up new social practices like younger generations, so using examples of trends in society may not be relevant to them and may make the company advertising come across as immature or not targeted towards their particular age group.
A tax may be used as a corrective device in the case of a negative externality because it will __________ marginal private costs and __________ supply.
Answer:
b. increase; increase
Explanation:
As if there is taxes so it increased the marginal private cost and reduce the supply. If the tax is imposed so it rise the production cost i.e. the raw material prices are more that ultimately increased the final cost
So here the marginal private cost would be increased
In the case when there is a rise in the cost so the producer would have lower money so that he or she is able to decreased the suppply on the other hand the demand of the consumer would be decreased due to rise in prices.
So, the supply would also be increased
Hence, the correct option is b.
A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock has been estimated to be 16%. The value of the preferred stock is ________. A. $64.B. $16.C. $25.D. $50.
Answer:
$64
Explanation:
A firm has an annual dividend of $4
The required return is 16%
Therefore the value of the preferred stock can be calculated as follows
= 16/100 × 4
= 0.16 × 4
= 0.64 ×100
= $64
Hence the value of the preferred stock is $64
Explain the Henri Fayol's theory of management
Answer:
According to Fayol's theory, management must plan and schedule every part of industrial processes. 2. Organizing. Henri Fayol argued that in addition to planning a manufacturing process, management must also make certain all of the necessary resources (raw materials, personnel, etc.)
Answer:
Henry Fayol, also known as the ‘father of modern management theory’ gave a new perception of the concept of management. He introduced a general theory that can be applied to all levels of management and every department. The Fayol theory is practiced by the managers to organize and regulate the internal activities of an organization.
Explanation:
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units):Sales $ 80,000Variable expenses 52,000Contribution margin 28,000Fixed expenses 21,840Net operating income $6,1601. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?2. If the variable cost per unit increases by $1, spending on advertising increases by $1,700, and unit sales increase by 240 units, what would be the net operating income?3. What is the break-even point in unit sales?4. What is the break-even point in dollar sales?5. How many units must be sold to achieve a target profit of $16,800?
Answer:
1. If the selling price increases by $2 per unit and the sales volume decreases by 100 units, what would be the net operating income?
net operating income = $73,800 - $46,800 - $21,840 = $5,160
2. If the variable cost per unit increases by $1, spending on advertising increases by $1,700, and unit sales increase by 240 units, what would be the net operating income?
net operating income = $99,200 - $65,720 - $23,540 = $9,940
3. What is the break-even point in unit sales?
780 units
4. What is the break-even point in dollar sales?
$62,400
5. How many units must be sold to achieve a target profit of $16,800?
1,380 units
Explanation:
contribution margin per unit = $28,000 / 1,000 = $28
fixed expenses = $21,840
break even point = $21,840 / $28 = 780 units
($21,840 + $16,800) / $28 = 1,380 units
Adler, Milton, and Bryant have capital balances of $20,000, $30,000, and $50,000, respectively. The partners share profits and losses as follows:a. The first $30,000 is divided based on the partners' captal balances.b. The next $30,000 is based on service, shared equallyby Adler and Bryant. Milton does not receive a salary allowance.c. The remainder is divided equally.Requirements1. Compute each partner's share of the $72,000 net incme for the year.2. Journalize the closing entry to allocate net income for the year. Adler Milton Bryant TotalNet income (loss) $72,000Capital allocation:Adler $6,000Milton $9,000Bryant $15,000Salary allowance:Adler 15,000Milton 0Bryant 15,000Total salary and capital allocation 21,000 9,000 30,000 (60,000)Net income (loss) remaining for allocation 12,000Remainder shared equally:Adler 4,000Milton 4,000Bryant 4,000Total allocation (12,000)Net income (loss) remaining for allocation 0Net income (loss) allocated to the partners $25,000 $13,000 $34,000Requirement 2. Journalize the closing entry to allocate net income for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)Date Accounts and Explanation Debit CreditIncome Summary 72,000Adler, Capital 25,000Milton, Capital 13,000Bryant, Capital 34,000To close Income Summary account to partners' capital.
Answer:
Adler, Milton, and Bryant
1. Computation of each partner's share of the $72,000 net income for the year:
Adler Milton Bryant Total
First $30,000:
Capital allocation 6,000 9,000 15,000 30,000
Second $30,000:
Salary allowance 15,000 0 15,000 30,000
Remainder $12,000:
Shared equally 4,000 4,000 4,000 12,000
Total $25,000 $13,000 $34,000 $72,000
2. Closing Journal Entry to allocate the net income for the year:
Date Accounts and Explanation Debit Credit
Dec. 31 Income Summary $72,000
Adler, Capital $25,000
Milton, Capital 13,000
Bryant, Capital 34,000
To close Income Summary account to partners' capital.
Explanation:
a) Data and Calculations:
Net Income = $72,000
Sharing formula:
First $30,000 is divided based on the partners' capital balances.
Next $30,000 is based on service, shared equally by Adler and Bryant.
Remainder is divided equally.
Adler Milton Bryant Total
Capital balances $20,000 $30,000 $50,000 $100,000
Ratio of capital 2 : 3 : 5 10
First $30,000:
Capital allocation 6,000 9,000 15,000 30,000
Second $30,000:
Salary allowance 15,000 0 15,000 30,000
Remainder $12,000:
Shared equally 4,000 4,000 4,000 12,000
Total $25,000 $13,000 $34,000 $72,000
Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $12 per hour, and a sandwich sells for $6. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired? What is that worker’s marginal product?
Answer:
Value of Marginal Product= 2
Worker Marginal Product = 12
Explanation:
Calculation for what is the value of the marginal product of the last worker he hired
Using this formula
Wages= MP*P
Let plug in the formula
12 = MP*6
Marginal Product = 12/6
Marginal Product= 2
Therefore the value of the marginal product of the last worker he hired will be 2
Now let calculate the worker marginal Product
Worker Marginal Product = 2*6
Worker Marginal Product = 12
Therefore the Worker Marginal Product will be 12
Ptarmigan Company produces two products. Product A has a contribution margin of $85.80 and requires 11 machine hours. Product B has a contribution margin of $107.80 and requires 14 machine hours. Determine the most profitable product assuming the machine hours are the constraint.
Answer:
Product A $7.80
Explanation:
Calculation to Determine the most profitable product assuming the machine hours are the constraint.
PRODUCT A PRODUCT B
Contribution margin per unit $85.80 $107.80
÷Machine hours 11 14
=Contribution margin per bottle neck hour
$7.80 $7.70
Based on the above calculation Product A is the most profitable because product A profit Amount of $7.80 is higher than that of product B.
A bank loans money at an annual rate of 20 percent. Interest is compounded daily. What is the actual rate the bank is charging?
Answer:
22.13%
Explanation:
The effective annual rate formula below can be used to determine the actual rate charged by the bank as follows:
Effective annual rate=(1+APR/n)^n-1
APR=20%
n=number of times interest is computed yearly=365
Effective annual rate=(1+20%/365)^365-1
Effective annual rate=1.221335858 -1
Effective annual rate=22.13%
The actual rate of interest on bank loan is 22.13%
Sam spends all of his income on textbooks and hot dogs. The price of a textbook is $40 and the price of a hot dog is $0.5. If Sam is maximizing his utility and the marginal utility he derives from the last textbook he purchases is 400, then the marginal utility he derives from his last hot dog purchased must be:___________. A) 5 B) 10 C) 20 D) 400
Answer:
A) 5
Explanation:
Calculation for the marginal utility
Based on the information given the utility that sam will have to derive when he consume two goods will be maximum when:
Marginal Utility (textbooks)/Price of textbook = Marginal Utility (hotdogs)/Price of hotdogs
Hence,
400/40=Marginal Utility (hotdogs)0.5
Therefore for:
Marginal Utility (hotdog) = 10*0.5
Marginal Utility (hotdog)= 5
Therefore the marginal utility he derives from his last hot dog purchased must be: 5
1. What have been the percentage change in the value of Bitcoin (Links to an external site.) expressed in U.S. dollars over the last 30 days? Describe the one-year change and five-year change in the value of Bitcoin? Do you detect a trend?2. Is Bitcoin (Links to an external site.) money? Does Bitcoin fulfill the functions of money that are explained in Chapter 14 (Links to an external site.)? Discusswhy or why not? If you conclude that Bitcoin is not money what is it? Explain.3. Have you/would you invest in Bitcoin or another cryptocurrency? Why or why not?
Answer and Explanation:
1. Percentage change in the value of bitcoin for the last 30 days in US dollars = 18370-12885.75= 5484.25/12885.75*100= 42.75%
2. Bitcoin is currently used as money and considered legal for such purposes in countries like US, Canada, Japan, UK. It is generally not accepted and considered legal tender proper yet
3.
Why would an advocate of the efficient market hypothesis believe that even if many investors exhibit the behavioral biases, security prices might still be set efficiently?
Answer:
Advocates of the efficient market hypothesis believe that stocks are always priced correctly by the market and they are never overvalued or undervalued. They will argue this is true even if investors exhibit behavioral basis. Behavioral bias is basically when an investor's decision is based on some irrational thought, e.g. they have a hunch that some stock will perform better, or they like a product so much that they believe it will be a hit in the future. According to the efficient market hypothesis, this investors that act irrationally, are arbitrageurs that want to make a profit from underpriced or overpriced stocks.
Even as these arbitrageurs operate, the efficient market hypothesis will still be valid, because their actions will make the market correct itself. I.e. the irrational actions of some investors will result in the market pricing the stocks correctly.
I personally do not believe in this theory, since stock prices are not always rational. E.g. today is November 21, and Tesla's is worth more than Toyota, GM, Volkswagen and BMW together. Why? Because they build electric cars. But Toyota, GM, Volkswagen and BMW also build electric cars and they outsell Tesla by millions of cars per year. I believe that in the future, Tesla's stock price will take a deep dive because you cannot live on unfulfilled promises all your life. At some point, reality bites. But according to the efficient market hypothesis this type of situation where stocks are clearly overpriced doesn't exist.
Suppose you take a fixed-rate mortgage of $150,000 at 3.21% per annum for 30 years. How much of the payment is interest in 72 month?a. $349.40 b. $640.53 c. $875.56 d. $65,432 e. none of the above
Answer:
$349.40
Explanation:
The interest in 72 month is only obtained when an amortization table for this mortgage is constructed.
So we first need to find the annual instalment as follows :
PV = $150,000
i = 3.21%
N = 30
P/YR = 1
FV = $ 0
PMT = ?
Using a financial calculator to input the values as above, the annual instalment is $7,862.08.
In 72 months, this will be 6 years. So in the 6th year, the interest will be $4,293.52. Monthly interest will approximate $349.40 ($4,293.52 ÷ 12).
This service allows you to pay at a point of sale and accesses funds in the bank but usually does not charge you a fee:
A credit card
A student loan
A debit card
A car loan
Answer:
A debit card
Explanation:
A debit card allows customers to make electronic payments using the funds at their bank accounts. If the customer does not have sufficient funds in their bank accounts, the transaction won't go through.
A debit card is similar to a credit card in appearance. However, a debit card does not levy interest fees or late payment fees because it's not a credit facility.
Another name for population groups is _____.
Answer:
They are Called target groups
Explanation:
He has the wrong answer
Last month Carlos Company had a $60,000 profit on sales of $300,000. Fixed costs are $120,000 a month. What sales revenue is needed for Carlos to break even? A. $420,000 B. $200,000 C. $360,000 D. $240,000
Answer:
B. $200,000
Explanation:
Contribution margin = Fixed costs + Profit
Contribution margin = $120,000 + $60,000
Contribution margin = $180,000
Contribution margin ratio = Contribution margin/Sales
Contribution margin ratio= $180,000/$300,000
Contribution margin ratio = 60%
Break-even sales revenue = Fixed costs/Contribution margin ratio
Break-even sales revenue = $120,000/60%
Break-even sales revenue = $200,000
Hence, $200,000 is the sales revenue needed for Carlos to break even
When the air has reached 100% humidity, what will most likely follow?
Answer:
rain is most likley to follow
Explanation:
Quey Inc., a construction company receives more than $2,000 in federal money. The company pays its employees at rates at least equal to the prevailing wages in the area. The calculation of prevailing rates by the company is based on 30 percent of the local labor force. In this case, which law does the company comply with? a) the Julie Jargon Act of 1940 and the Eric Morath Act of 1945 b) the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936 c) the Smith-Connally Act of 1943 d) the Humphrey Hawkins Full Employment Act e) the Lloyd-La Follette Act of 1912
Answer:
b) the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936
Explanation:
The Walsh Healey Public Contracts Act was enacted in order to set safety and health standards, working hours and the minimum wages that government contractors must comply with.
The Davis Bacon Act states that government contractors must pay their employees a salary which is equivalent to prevailing local wages.
A hospital data entry professional is part of what career area?
A. Support services
B. Consumer services
C. Health informatics
D. Therapeutic services
Answer:
C. Health informatics
Explanation:
In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will:_____.a. go up.
b. go down.
c. stay the same.
d. slowly increase.
Answer:
b. go down.
Explanation:
The Formula for Required rate of return Ke = Dividend (D1) / Price. So, increase in price which is denominator will leads to decrease in the required rate of return. Hence, In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will Go down
Debit cards and credit cards are which type of currency?
commodity money
representative money
fiat money
fake money
Some random questions 4 you! - Part 4!
1) If you were to have either of the animals in the picture's which would it be?
2) Would you take it outside daily?
3) Would you keep in inside a kennel/cage?
4) If not where would you keep it? If so how would you decorate it?
5) Would you play with it often?
6) Would you rather sell it to a random guy that claims he's a Zoo Keeper for 2,800$? or keep it but have to give him 100$?
Bonus!) Should I make a part 5?
Answer: QUESTION 1. 2 Question 2 no QUESTION 3 MAYABE QUESTION 4 I MAY DECRATE ASHCETIC LIKE QUESTION 5 HELL YES QUESTION 6 I WOULD KEEP IT
Explanation:
A loan of $100,000 is taken out which requires an annual interest payment of 6% of the borrowed amount of money (in market dollars). No principal payments are made, only interest is paid. Inflation is 3.1% per year. what will be the value of interest payment at the end of fifth year in real dollars?A. $5,930 B. $6,000 C. $5,150. D. $6.989
Answer:
C. $5,150
Explanation:
Calculation for what will be the value of interest payment at the end of fifth year in real dollars
First step is to calculate the Interest amount per year
Interest amount per year = 100,000*6%
Interest amount per year = $6,000
Now let calculate the value of interest payment at the end of fifth year in real dollars
Value of interest payment in 5th year in real dollars = 6,000/(1+3.1%)^5
Value of interest payment in 5th year in real dollars= 6,000/1.164913
Value of interest payment in 5th year in real dollars= $5,150
Therefore the Value of interest payment in 5th year in real dollars will be $5,150
A corporation in 2017 expects a gross income of 500000, total operating expences of 400000, and teh capitol investments of 20000. in addition the corporation is able to declare 60000 of depreciation charges for the year. what is the expected taxable income and total federal income taxes owed for teh year 2017?
Answer:
Taxable income = Gross income - Total operating expenses - Depreciation
= 500,000 - 400,000 - 60,000
= $40,000
Federal corporate income tax rate in 2017 was 35% so income taxes are;
= 40,000 * 35%
= $14,000
Palms, Inc. wants to sell enough palm trees to earn a profit of $20,000. If the unit sales price is $40, unit variable cost is $22, and total fixed costs are $120,400, how many trees must be sold to earn a profit of $20,000?a. 6,689.
b. 312,000.
c. 7,800.
d. 8,911.
Answer:
c. 7,800
Explanation:
Contribution margin per tree = Unit selling price - Unit variable cost = $40 - $22 = $18
Sales(trees) required = (Fixed costs+Operating income) / Contribution margin per tree = ($120,000+$20,000) / $18 = $140,000 / $18 = 7,800 trees
Answer: Number of tress to be sold = 7,800-C
Explanation:
Contribution margin = Selling expense - Variable cost
= $40- $22
= $18
Contribution Margin Ratio= Contribution Margin/ sales expense x 100
=18/ 40 x 100
= 45%
To earn a target profit of $20,000
A) Sales to attain the target profit = [(Fixed expenses + Target profit) ÷ Contribution Margin ratio]
= ($120,400+ $20,000) / 0.45
$140,400/0.45
= $312,000
No. of tress to be sold =Sales to attain the target profit/ selling price
$312,000/$40
=$7,800
